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Canada Retail Sales YTD July 2020

10/14/2020

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We are seeing continued growth in Retail sales and a rebound in brick and mortar. July retail sales were $52.9 billion, another month to month increase and the highest July sales volume since 2004. 

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Looking at YTD results, Total Retail sales are down $23.1 B or 6.5% YoY. 

Retail sales volumes in total in 2019 were pretty much even every month (blue bars). The orange line above shows the steep decline of sales during the pandemic and recovery to date.
 The stores with increases YoY generated an additional $11.0 B sales. The stores with decreases took sales of $34.5 B out of the economy Feb thru Jul (the timeframe of the pandemic).
The stores up Y0Y are Building & Garden Material and Equipment+2.7% , Food & Beverage +11%, Health & Personal Care  -%, General Merchandise and Miscellaneous retailers +6%. Electronic and Appliance stores are almost flat to LY.
The stores with the biggest decline YoY are Clothing & Accessories -40%, Motor Vehicle & Parts -21%, Furniture & Home furnishings -20%, Sporting Goods/book & music -12% and Gasoline stations -23%.
 
February – July – the Pandemic timeframe impact
Looking at Retail sales (chart below) from Feb thru July, we see a significant shift in the major categories.
Motor Vehicles and Parts generated 50% of the sales volume decline. Gasoline stations 22% and Clothing and Accessories stores 20%

​Clothing & Accessories stores had the biggest drop in sales due to the pandemic. Sales volumes by month were relatively even in 2019. We can clearly see the staggering drop in sales in March and April 2020 as the pandemic intensified. Even after volume growth from May thru July,  sales YTD are still 39% less than LY.
Clothing stores -40%. Shoe stores -35%. Jewellery/luggage/leather goods stores -38%.  

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K.A.A. Business Solutions
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